Latest news with #wirelessnetwork
Yahoo
22-07-2025
- Business
- Yahoo
Nokia (NOK) Secures Landmark Deal to Deploy First Full-Scale Municipal 5G Network in U.S.
Nokia Oyj (NYSE:NOK) is one of the top high-return penny stocks to consider buying now. On July 16, the company secured a contract for the deployment of a private 5G wireless network for Memphis Light, Gas, and Water (MLGW), a utility provider. Nokia (NOK) CEO Pekka Lundmark Under the terms of the agreement, the company is to deploy a private 5G wireless network for three municipal utility providers. The deployment will allow Nokia to support MLGW's multi-year modernization strategy across Memphis and Shelby County. The 5G network will also provide a foundation for connected mobility, voice, and video services. In addition, MLGW will become the first municipal utility in the US to implement a full-scale, standalone 5G private wireless network, serving more than 420,000 customers. Nokia expects the 5G network to enhance data connectivity, resilience, and operational efficiency. To date, the Finnish provider has deployed a private wireless network for 890 customers. It has already ramped up the adoption of private 5G networks and neutral hosts across North America. Nokia Oyj (NYSE:NOK) provides network infrastructure, software, and related services. It is a major player in the telecommunications industry, developing and selling equipment and solutions for mobile, fixed, and cloud networks. While we acknowledge the potential of NOK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Chemical Stocks to Buy According to Billionaires and 7 Most Undervalued Pot Stocks To Buy According To Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Phone Arena
20-07-2025
- Business
- Phone Arena
Trump appears to have shown us why the iPhone Fold will struggle
AI-generated iPhone Fold concept. | Image credit — PhoneArena Like him or hate him, President Donald Trump moves fast, unlike Apple. And sometimes, that's all it takes to make you stand out and succeed. While Apple has been taking things painfully slow and has warmed up to the idea of launching a foldable iPhone seven years too late, Trump is moving at warp speed in the tech sector, even though that's not his domain. Tell me that's not impressive. Trump recently announced a phone and even a wireless network. So not only is the guy giving you a phone, but also a network for that phone, though, of course, the device won't be locked to that network. There's even an iPad version of Truth Social, the social media company owned by Trump. Meanwhile, WhatsApp came to the iPad only last month, and Apple still has't convinced Meta to build an Instagram app for the device. Trump is deeply invested in providing the best experience to his followers. | Image Credit - Mark Gurma So, while it remains to be seen if the world emerges better off on the other side of the Trump presidency, one thing is for sure: he is already spicing up the tech sector. I am not sure we have been able to say that for Apple in a long the time when Apple truly tried? Somewhere along the way, it lost its spark, and while many of us can be accused of the same, we aren't at the helm of a trillion-dollar plays it safer than I do when parking a car in a tight spot. And that's no way to do business (or live). The iPhone Fold , or whatever it ends up being called, isn't expected to have any innovative features. Yes, it might be creaseless, but that's not really an issue with most foldables now. The only exciting thing about the foldable iPhone would be that it folds. And while that may be enough for iOS users, some of whom are so deep in the Apple ecosystem that the idea of venturing outside is unfathomable, it won't be enough for platform-neutral your only strength is that your users are so loyal (or dependent) that they can't consider alternatives, it's not something to be proud of. It's more like your users have Stockholm syndrome because of can flip in seconds, as has appeared to have happened with a certain car company in the US. A render of the T1. | Image Credit - Trump Mobile Before I proceed, please know that this isn't a political post. I am just highlighting what one influential man can learn from another powerful person. Please don't cancel me. Trump isn't afraid to go all in, even if the likely outcome is failure. The T1 Phone stands no chance against the best phones of today, but it still exists (somewhere in China for now). Cook, on the other hand, has adopted a laid-back approach of late. And it's not helping. Unlike the Apple Vision Pro, which had the odds stacked against it due to the category still finding its footing, the foldable iPhone has a better chance of succeeding and even converting Android die-hards. The iPhone Fold needs to be recklessly good and make the case for foldables. Because, frankly speaking, I am struggling to see why they matter at the moment. There's nothing that my conventional phone can't do that a foldable phone does. A phone that unfolds into a tablet would be nice to have for when I am reading or watching a recipe video, but that's about it. Yes, you can set it up like a laptop, but that's nothing more than a party trick. Given what we know already, the iPhone Fold is barely another foldable phone waiting to be released. What Apple needs is a phone that will shake the industry to its core and will always be on our minds. Like Trump.
Geek Wire
24-06-2025
- Business
- Geek Wire
From underdog to top dog? T-Mobile completes a 12-year quest — but Verizon says not so fast
Ulf Ewaldsson, T-Mobile president of technology, hoists a trophy proclaiming the company's victory in a landmark network test by Ookla, as (left to right) COO Srini Gopalan; Mike Katz, president of marketing, strategy and products; and CEO Mike Sievert celebrate the milestone. (GeekWire Photo / Todd Bishop) BELLEVUE, Wash. — For more than a decade, T-Mobile has branded itself as the industry outsider — the brash 'Un-carrier' challenging the wireless giants with lower prices and customer perks, while working behind-the-scenes to build the best network in the country. Now, the company says, that moment has arrived. At a splashy event Monday at T-Mobile's 5G Innovation Hub, speaking on a live webcast with a crowd of magenta-clad employees cheering in the audience, CEO Mike Sievert declared that T-Mobile is officially the nation's best wireless network — citing an independent test by Ookla based on half a billion real-world data points. The milestone comes five years after the company merged with Sprint and 12 years after it began its climb from the industry basement — which Sievert didn't sugarcoat in hindsight. 'We were number four in networks,' he said on stage during the event, 'and that's because there's only four and rapidly shrinking.' Its rivals aren't conceding the crown. Verizon criticized the methodology behind the claim, saying that crowdsourced testing lacks the scientific rigor needed for accurate comparisons. 'Crowdsourcing network performance is not able to control variables and biases,' a Verizon spokesperson said in an emailed statement, 'offering unpredictable and often inaccurate results and making precise analysis and troubleshooting difficult.' The company pointed instead to results from RootMetrics, which uses controlled drive testing and, according to Verizon, continues to show it has the most reliable 5G network. 'An attempt at obfuscation' T-Mobile executives anticipated that response on stage. Without naming rivals directly, Sievert warned the audience to expect 'an attempt at obfuscation' from competitors clinging to their longstanding reputations. He drew a sharp distinction between traditional drive tests — like those used by Root Metrics — and what he described as the most comprehensive U.S. network study ever conducted. Sievert dismissed drive tests as limited in scope — typically involving just 50 or so users driving predetermined routes in cars. By contrast, he noted, Ookla's methodology drew on 'half a billion data points' gathered from millions of real users going about their daily lives. He acknowledged that the claim of overall network leadership might not surprise industry insiders who have watched T-Mobile's rise in 5G. But T-Mobile executives decided to wait until they had undeniable results before publicly declaring victory. 'This is a day for us to unveil this truth to the public,' Sievert said. But as with many things these days, there are different versions of the truth. 'There's going to be claims and counter-claims,' said longtime analyst Avi Greengart of Techsponential. 'The important thing is that if you are on T-Mobile's network, you're likely to be pretty happy, both in terms of speed and actual coverage, which wasn't the case five years ago.' That transformation puts T-Mobile in unfamiliar territory of no longer being a scrappy upstart, or the rebel, but being the established player, or the 'cool establishment,' Greengart said. There are plenty of challenges ahead. Many business customers are loyal to Verizon and AT&T. The abundance of family plans on rival networks creates switching friction, because moving one line often means moving five devices across extended families. And while T-Mobile has partnered with an industry leader in satellite connectivity, Elon Musk's Starlink, the emerging competitive threats in that field are significant, from the likes of AT&T partner AST SpaceMobile, and satellite initiatives from Amazon, Google and Apple. 'Simply having a better network message, and the high value message, isn't a slam dunk, so there's work ahead for T-Mobile,' Greengart said. Not 'in my wildest imagination' Still, for longtime T-Mobile leaders, it's the culmination of an improbable journey, started by previous CEO John Legere with an executive team that included Sievert and others. 'I just would have never, ever, in my wildest imagination, thought we would ever get to this place,' said Jon Freier, president of the T-Mobile Consumer Group, whose tenure began in the 1990s at Western Wireless, led by John Stanton, predecessor of the modern T-Mobile US. Chief Operating Officer Srini Gopalan, who joined the executive team in March after nearly four years on T-Mobile's board, expressed confidence in the company's position. 'We're a good two years ahead of Verizon and AT&T, and that lead is only going to expand,' he said, citing T-Mobile's five-year head start implementing a 5G standalone core, 30% more spectrum than Verizon, and 10-15% more cell towers than its nearest competitor. For the first quarter, T-Mobile reported a total 130.9 million customer connections, including 1.3 million postpaid net additions and 495,000 postpaid phone additions in the first quarter, more than any other U.S. carrier. T-Mobile US is the largest telecom company by market cap. T-Mobile CEO Mike Sievert announces the network milestone. (GeekWire Photo / Todd Bishop) After the event in Bellevue on Monday, Sievert spoke informally with a small group of analysts and reporters standing next to the stage. My question: After years of going after the industry leaders, T-Mobile can now claim that status. How does it avoid the pitfalls of the other big guys? Sievert, ever the scrappy competitor, responded with a trademark T-Mobile jab. 'For years, I told my team, someday, one day, we'll be as big or bigger than AT&T and Verizon, but we must never become them,' he said. He vowed that T-Mobile won't lose its 'customer-loving hunger,' and said its rivals can't duplicate its approach with a memo. 'Can you imagine being there in that ivory tower, going, 'Well, we've studied the customer-loving strategy at T Mobile, and so we would like to instruct everyone, starting tomorrow, to give a shit'?' he said. 'I mean, you can't do that.'
Globe and Mail
20-06-2025
- Business
- Globe and Mail
Rogers closes CDN$7 billion equity investment transaction
Proceeds will be used to repay debt Rogers will maintain full operational control of its wireless network TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today announced it has closed its CDN$7 billion equity investment from funds managed by Blackstone, backed by leading Canadian institutional investors. Blackstone has acquired a non-controlling interest in a new Canadian subsidiary of Rogers that owns a portion of Rogers wireless backhaul transport infrastructure. Rogers is maintaining full operational control of its network and will include the financial results of the subsidiary in its consolidated financial statements. 'This transaction demonstrates the confidence investors have in Rogers and our world-class assets,' said Tony Staffieri, President and CEO. 'With this significant investment, we are unlocking the unrecognized value of critical assets and executing on our commitment to de-lever our balance sheet.' The investor group led by Blackstone includes Canada Pension Plan Investment Board (CPP Investments), Caisse de dépôt et placement du Québec (La Caisse), the Public Sector Pension Investment Board (PSP Investments), British Columbia Investment Management Corporation (BCI) and the Investment Management Corporation of Ontario (IMCO). Additional information about the transaction and its terms and conditions is available under Rogers profile on SEDAR+ at About Rogers Communications Inc. Rogers is Canada's leading communications and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit or
